Banks and financial institutions find themselves in a no-win scenario. Fraud and hacking strategies continue to grow in sophistication year-over-year. Meanwhile, consumer’s patience for additional layers of security dwindles. Banks are forced to decide between alienating their customers and leaving them vulnerable to attack.
Adaptive authentication is a new approach to combatting fraud that circumvents this dynamic and achieves the twin goals of reducing fraud risk and preserving the customer experience.
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Highlights
A history of authentication strategy setting the stage for Adaptive Authentication
Challenges with standalone multi-factor authentication methods
The current state of authentication
The characteristics and advantages of Adaptive Authentication
Factors driving adaptive authentication adoption
Unique differentiators in OneSpan’s intelligent Adaptive Authentication solution